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Thailand's largest developer Pruksa, which has been active in the market for more than 30 years, is launching the latest Pruksa Living Solution program. Within its framework, innovative technologies and new approaches to the arrangement of residential premises will be used in new projects of the developer. The development of Living Solution is...
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The Ministry of Finance of Thailand announced that the government has started collecting land tax. The collection will begin in April 2022. Prior to that, since 2020, the kingdom had a 90% discount on real estate tax as a relief measure during COVID-19. At the beginning of 2022, it was announced that its validity would not be extended. By reducing...
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According to the report of Bank of Thailand, the outstanding debt of Thai households in 2021 increased by 3.9%. Against the backdrop of a slow-growing economy, the ratio of household debt to GDP rose to 90% in 2021 from 89.7% in 2020. The basis of the debt is: Home purchase loan (34.5%). Business loan (18.1%). Car/motorcycle loan (12.4%)...
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Since March 2020, Thailand has been closed to tourists due to quarantine measures aimed at reducing the number of infected COVID-19. In September 2021, Sandbox program was opened, which allows you to enter the most popular resort regions of the country with a 14-day quarantine in hotels from a certain list. Since February 2022, Test&Go program...
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On March 31, 2022, a seminar on real estate trends Property Focus 2022: MegaTrend Real Estate was held in Thailand. The main topic was the impact of COVID-19 on real estate trends and the place of real estate in the Metaverse. An important feature of the real estate market after the pandemic is the focus of buyers on townhouses, vacation homes and...
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The COVID-19 pandemic has hit Thailand's most tourist province, Phuket. Since March 2020, the island has been closed, there were no tourists at all. Later, government began to attract tourists by Phuket Sandbox. Due to the crisis in Phuket over the past 2 years, many resort real estate projects have been put up for sale. There are people who are...
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Sophon Phonchokchai, president of Thai Center for Real Estate Research and Valuation, said that many people are concerned about the possibility of lower real estate prices due to the unstable economic situation in the country. There are reasons to think so. Thailand's economy, according to World Bank, grew more slowly than in neighboring countries...
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Tosapol Thangsubut, Head of Business Development, revealed the statistics of registration of new companies in the area of Eastern Economic Corridor, namely in the provinces of Chachengsau, Chonburi and Rayong. It is reported that in two months (January-February) of 2022, 1,452 new companies were registered, which is 27.7% more than in the same...
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Real Estate Information Center has published statistics on the purchase of apartments in condominiums in Thailand by foreigners in the 4th quarter of 2021. A total of 2,073 apartments were sold during this period, which is 20% less than in the same period last year, but this is more than the average value for COVID-19 (2020-2021). The total cost...
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Real Estate Information Center reported that in the second half of 2021, the overall investment situation in housing construction projects in the Northeastern region of Thailand (Nakhon Ratchasima, Khon Kaeng, Udon Thani, Ubon Ratchathani and Maha Sarakham) began to recover. It is expected that the direction of real estate market in 2022 will be a...
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